GODREJCP

Shows Weakness After Breakdown – ₹1186 May Act as Next Support

After a strong uptrend, the stock price of

started moving sideways and formed a rounding top pattern, which usually indicates a possible trend reversal. On 18th July 2025, the stock closed below an important support level of ₹1239, which was the first sign of weakness. Later, on 23rd July, it also closed below the 20-day moving average, suggesting that short-term momentum has turned negative. On 24th July, a bearish crossover was seen, where the 5-day moving average crossed below the 20-day moving average, adding to the signals of a possible further fall. Currently, the stock is trading at ₹1217.1, and if the weakness continues, the price may move down towards the 200-day moving average, which is placed around ₹1186. This level could act as the next strong support. In short, the technical indicators suggest that the stock has lost momentum and may see further decline unless it moves back above the ₹1240–₹1250 range.